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Monday, December 20, 2021

China has cut its benchmark rate for the first time since the pandemic.

We had stated previously that China won't be cutting its benchmark rate because its elevated PPI and rising inflation.  Furthermore, China had just cut its RRR in December.  Therefore, it was unlikely that China would cut its benchmark rate in December again because the RRR cut has not been given the time to work its magic yet.  We are indeed surprised by this benchmark cut.

I think we've spooked China with our posting yesterday (see below) because we're seldom wrong in our analyses.  The timing is too uncanny because China cuts its benchmark rate immediately after our posting. 

Our regular viewers would know that we had projected the recent US recession and inflation spot-on.  Please read and watch our post and video on this below.

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